And we are the World's reserve currency. What do you think a 34 trillion dollar national debt, coupled with a 212 trillion dollar unfunded liability will look like when, not if, that implodes?
Will China leave behind its economic woes in 2024?
After China’s long campaign against covid-19 and its disappointing reopening this year, the sentiment is popping up again. China’s growth prospects seem “structurally” weaker—one reason why Moody’s, a rating agency, said this week that it might have to cut the country’s credit rating in the medium term.
So, which economy is the most likely to fail in the most spectacular fashion?
I think we can travel around the globe assessing the economy of each nation & give a pretty grim report on all, except perhaps Ukraine which has all their expenditures covered by US taxpayers..
So, what point exactly are you trying to make?
“And we are the World’s reserve currency. What do you think a 34 trillion dollar national debt, coupled with a 212 trillion dollar unfunded liability will look like when, not if, that implodes?”
When that finally comes due, sh!t will fly. But that is not happening next year or the year after, because the American economy has depth, and it’ll take a long time until all the water is out of the pool, which means there is time to plan and prepare if wiser people take over the helm and do the preparations, which is very if-ish, but as I said, there’s plenty of time still. But Russia? It’s still run by oligarchs and corrupt politicians, and Putin is both. Ukraine is on the mend, but the oligarchs and the corruption is still huge there. It’ll take years and years still, but if they survive the war, they can become a normal country one day. Both Russia and all its former Republics are still badly damaged by communism, including Ukraine. I speculate on a small scale in stocks and commodities. I’d say that Russia’s chart is trending violently downwards, and the US is trending downwards but at a leisurely pace, but Ukraine is trending upwards, but not fast enough yet. Their curve is accelerating somewhat, I think.